Ottawa Bancorp, Inc. Announces Second Quarter 2019 Results
Ottawa Savings Bancorp, Inc. (IL) (OTTW)
NASDAQ:AMEX Investor Relations:
ottawasavings.com/investor-information
Company Research
Source: GlobeNewswire
OTTAWA, Ill., Aug. 02, 2019 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the “Company”) (Nasdaq CM: OTTW), the holding company for Ottawa Savings Bank, FSB (the “Bank”), announced net income of $0.4 million, or $0.14 per basic and diluted common share for the three months ended June 30, 2019, compared to net income of $0.4 million, or $0.11 per basic and diluted common share for the three months ended June 30, 2018. For the six months ended June 30, 2019, the bank announced net income of $0.8 million, or $0.26 per basic and diluted common share, compared to net income of $0.8 million, or $0.26 per basic and diluted common share for the six months ended June 30, 2018. During the second quarter of 2019, the Company experienced an increase in non-performing loans. Non-performing loans increased from $1.5 million at December 31, 2018 to $1.9 million at June 30, 2019, which caused the ratio of non-performing loans to gross loans to increase from 0.63% at December 31, 2018 to 0.75% at Ju
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